By now, it is pretty likely that someone has tried to explain microlending to you. You get together with other people online and lend money to someone living in poverty somewhere, then they repay that loan and you get your money back at some point in the future. Something like that, right?

Like every revolutionary idea, it's a pretty big thing to get your head around (especially the way your sister's boyfriend Doug describes it). Combine that with a minimum loan of $25 and an average wait time of about 18 months until you see it again and it's easy to understand why some people find it a little daunting.

Which is exactly why we have developed Nanoloans - a limited run of $5 loans, specifically designed to be repaid in just 60 days. Which means you can experience the entire microlending process and help someone in need as you learn.